“Many U.S. cities suffer from a serious lack of affordable housing, forcing lower-income workers into substandard housing and requiring them to drive long distances to get to work, exacerbating already serious traffic and air quality problems.” That is according to Tom Muller, co-chair of the real estate and land use practice group at Manatt, Phelps & Phillips LLP along with Hana Hong, an associate at the firm. The pair points out that The Associated Press reports that California alone “lacks an estimated 1.5 million affordable housing units compared to demand.”  The L.A. Times notes that developers need to build about 100,000 new homes each year—above what’s already planned—to keep pace with California’s population growth.

The views expressed in the commentary below are the authors’ own.

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